
Carmel, California 93923
This European-inspired coastal retreat represents a Strong Value Opportunity, listed at $4,475,000, which aligns with its $4,475,000 Fair Market Value. While the property maintains a Condition Rating of 4, its 1985 construction offers a prime canvas for modernization to reach peak luxury standards. Featuring panoramic ocean vistas, a spacious 1-acre lot, and a versatile bonus studio space, the home provides exceptional privacy in the exclusive Carmel Riviera. This residence is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a high-potential coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23 Mentone Road Subject | $4,475,000* List Price | 4 | 3 | 3,481 | $1,286 | - |
A 214 Crest Road Sold | $4,395,000 | 3 | 4 | 2,910 | $1,510 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985 (39 years old), the property is well-maintained but dated. The kitchen and bathrooms feature original or older renovations, including square white tiling and gold-tone fixtures, which require modernization to meet current luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 3481.
Situated in the exclusive Carmel Riviera, the property offers sweeping, unobstructed Pacific Ocean vistas from nearly every room and expansive view decks that embrace indoor-outdoor living.
The European-inspired design features a unique turret entry, 20-foot vaulted ceilings, and a spacious finished bonus area above the garage, providing flexible space for a studio, office, or guest suite.
Built in 1985, the 'country kitchen' and original interior finishes may require significant updates to align with contemporary luxury standards and modern buyer preferences.
With 63 days on the market and recent price fluctuations, the property may face challenges regarding perceived value and buyer urgency in a competitive luxury segment.
Sited above the Pacific Ocean in the coveted Carmel Highlands, this European inspired coastal retreat offers breathtaking ocean vistas, exceptional privacy, and timeless elegance. Located within the exclusive Carmel Riviera enclave, the residence captures sweeping views from nearly every room and embraces indoor-outdoor living. A distinctive turret entry leads to a grand great room with soaring 20 foot vaulted ceilings, rich wood floors, a statement fireplace, and walls of glass framing the ever-changing Pacific. French doors open to view decks where sunsets and coastal panoramas become part of everyday life. Designed for both relaxed living and entertaining, the home features a welcoming family room with wood-burning stove, a country kitchen, and a formal dining room. The turret staircase leads to a primary suite with view deck, plus three guest bedrooms and a second full bath. A spacious finished bonus area above the garage offers ideal guest, studio, office, or wellness space, while a third floor retreat provides a light-filled ocean view escape. Privately situated on a southwest facing hillside, residents enjoy wider private roads, a dedicated water system, optional beach access, and a location just minutes from Carmel-by-the-Sea.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.8 |
| Square foot | 3,481 | 2,079.133 |
| Lot Size | 43,560 | 12,775.833 |
| Price | $4.47M | $3.23M |
| Price per sq ft | $1.3K | $1.5K |
| Built year | 1985 | 1976 |
| HOA | $0 | $3.0K |
| Days on market | 66 | 74 |
Aug 22, 2026
$4,475,000
$4,700,000
-5% Price Drop
Initial Listing
Jul 7, 2026
$4,700,000
$4,495,000
+5% Price Increase
Initial Listing
Jul 5, 2026
$4,495,000
Initial Listing